After two tumultuous years as head of Grapevine-based GameStop, CEO George Sherman is stepping away – with a package worth more than $170-million.
Embattled GameStop CEO George Sherman will be stepping down as announced earlier this month. The details of the departure weren’t yet realized when the news broke. Since then more information is coming out about Sherman’s compensation and bonus package over his tenure, as well as the terms of his exit.
It's game over for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 — or earlier if a successor is found.
GameStop has confirmed that its current CEO George Sherman will be stepping down from his duties at the end of July. GameStop announced the news via a blog post on Monday, April 19. Per GameStop’s confirmation, Sherman will step down from his role on July 31, or earlier if a successor can be found before then.
The overhaul in the top ranks of GameStop continues with the announced departure of CEO George Sherman at the end of July. Less than two weeks ago, the Grapevine, Texas, company announced the nomination of Chewy founder Ryan Cohen as chairman of the board, a major investor in the floundering video game retailer. GameStop shares rose more than 7% in morning trade to $166.05.
April 19 (UPI) -- Video game retailer GameStop announced Monday that CEO George Sherman will step down from his post this summer as the company moves to focus more on e-commerce sales. GameStop said Sherman will depart on July 31 -- or he might leave earlier if a successor is...
New York Post
GameStop shares shot up on Monday after the company announced plans to search for a new chief executive officer to help accelerate the company’s transformation into a digital retailer. GameStop CEO George Sherman will step down on July 31 or sooner depending on the appointment of a successor, the company...
Shares of GameStop Corp. shot up 6.0% in premarket trading Monday, after the videogame retailer said Chief Executive George Sherman will step down no later than July 31, after two years in the role. He could step down earlier if a successor is appointed. The company said in its annual report filed in March that it was "evaluating executive leadership team skill sets related to changing business requirements," and had hired a third-party firm to help in the evaluation. "The board's Strategic Planning and Capital Allocation Committee is leading a search to identify Chief Executive Officer candidates with the capabilities and experience to help accelerate the next phase of the Company's transformation," the company said in a statement. The so-called meme stock has soared 293.0% over the past three months, while the S&P 500 has climbed 10.2%.
GameStop has announced that CEO George Sherman will be leaving the video game retailer later this year. In a brief press release, the company said Sherman will be stepping down on July 31, 2021, or sooner if a successor can be found. Sherman was named CEO of GameStop in April...
GameStop CEO George Sherman confirms he will leave this summer, following a wild few months and a series of exec departures
George Sherman will step down as GameStop CEO on or before July 31, the retailer said. He's the latest in a long line of execs to leave.
GameStop shares jump 12% as the company announces CEO George Sherman will step down in 3 months or sooner
Shares were already up before the announcement, buoyed by the company's steps towards making major changes led by activist investor Ryan Cohen.